Trading Edges That Last
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Lawrence's Comment Recap ES gapped higher and zoomed to Y+2 right from the start. This opened the door to gap and go week with Y+3 target. ES traded in tight range drifting ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORE3DP Odds Table (GBPUSD) 2011-09-22S&P 500 Oct 12 to Oct 16 OutlookAUDUSD Oct 18 to Oct 22 Outlook3DP Odds Table (GBPUSD) 2019-01-31USDJPY Apr 09 to Apr 13 OutlookEURUSD May 04 to May 08 Outlook3DP Odds Table (GBPUSD) 2019-10-07Precog Vision – Forex 2016-5-253DP Odds Table (GBPUSD) 2017-07-13Dow 30 Mar 18 to Mar 22 Outlook
As Featured In
GBPUSD Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Got Y+1 early in the week. But not holding Y-0 at all as cable collapsed back down to below Y-1. Yet it did not stay below Y-1. Another push lower failed to tag Y-2 and zoomed back up since. Cleared Y-0 in 1 go and then tagged Y+2. Closed the week near Y+2 and week high.
Outlook
2nd half of week was partially driven by news shock. Momentum will carry the pair higher into early next week so price above B+1 is expected. If Y+3 acts as resistance, it is likely cable will consolidation between Y+3 down to Y+1.
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